{"id":175687,"date":"2023-10-17T13:39:32","date_gmt":"2023-10-17T08:09:32","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=175687"},"modified":"2023-10-17T13:39:32","modified_gmt":"2023-10-17T08:09:32","slug":"millions-of-ripple-xrp-and-bitcoin-xrp-liquidations-on-false-btc-etf-rumors-bits-recap-oct-17-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/millions-of-ripple-xrp-and-bitcoin-xrp-liquidations-on-false-btc-etf-rumors-bits-recap-oct-17-crypto-news\/","title":{"rendered":"Millions of Ripple (XRP) and Bitcoin (XRP) Liquidations on False BTC ETF Rumors: Bits Recap Oct 17 &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li>False reports about SEC\u2019s BTC ETF approval sparked a market surge. BTC peaked near $30,000, and XRP hit $0.50 before both declined when the news was debunked.<\/li>\n<li>Shiba Inu\u2019s burn rate rose to 250%, targeting SHIB\u2019s value enhancement.<\/li>\n<li>BitTrade to support Shiba Inu transactions from October 18, but SHIB\u2019s recent price trend is downward.<\/li>\n<\/ul>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2023\/10\/bits_recap_oct17.jpg\" data-wpel-link=\"internal\"><\/a><\/p>\n<h2><span data-preserver-spaces=\"true\">XRP Goes Up and Down Following the Fake News<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The cryptocurrency community was infused with a dose of enthusiasm yesterday (October 16) when several reports <\/span><a rel=\"nofollow noopener\" target=\"_blank\" class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/btc-skyrockets-to-30k-on-reports-about-approved-spot-bitcoin-etf-by-the-sec\/\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">indicated<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0that the US Securities and Exchange Commission (SEC) has finally approved BlackRock\u2019s application to launch the first spot BTC ETF in the States.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The entire digital asset market reacted more than positively to the rumors, with Bitcoin (BTC) shooting to a two-month high of almost $30,000 (per CoinGecko\u2019s data). Ripple\u2019s native token \u2013 XRP \u2013 also headed north,\u00a0<\/span><a rel=\"nofollow noopener\" target=\"_blank\" class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/ripple-xrp-price-explodes-above-0-51-on-spot-bitcoin-etf-approval-reports\/\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">spiking<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0by around 5% to surpass the $0.50 mark.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">However, it\u00a0<\/span><a rel=\"nofollow noopener\" target=\"_blank\" class=\"editor-rtfLink\" href=\"https:\/\/twitter.com\/EleanorTerrett\/status\/1714024340037988820\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">turned out<\/span><\/a><span data-preserver-spaces=\"true\"> that the news was fake, and most of the gains were erased in a matter of minutes. XRP retraced to its previous level of $0.49, while BTC plunged to approximately $28,000.<\/span><\/p>\n<p>You can also check our most recent video if you\u2019re interested in finding out some of the more interesting projections for XRP\u2019s price for the last quarter of 2023.<\/p>\n<p><iframe loading=\"lazy\" title=\"Ripple XRP Q4 UPDATE! Is This The Market Turning Point? (Price Prediction)\" width=\"740\" height=\"416\" src=\"https:\/\/www.youtube.com\/embed\/japu5zwWP0U?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe><\/p>\n<h2><span data-preserver-spaces=\"true\">What\u2019s New With Shiba Inu?<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The popular memecoin was also in the spotlight by witnessing a few advancements and receiving support from another leading crypto exchange. Specifically, the Shiba Inu burn rate soared to 250% on October 16, outlining the project\u2019s goal to make SHIB more scarce and potentially valuable in time.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The team has so far destroyed over 41% of the maximum token supply (999,982,689,938,617 assets), with over 53 million SHIB sent to an address that nobody could access yesterday.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">In addition, the Japanese cryptocurrency exchange \u2013 BitTrade \u2013\u00a0<\/span><a rel=\"nofollow noopener\" target=\"_blank\" class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/shiba-inu-shib-to-get-listed-on-popular-japanese-crypto-exchange-heres-when\/\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">announced<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0its intentions to allow deposits and withdrawals in Shiba Inu and Dogecoin from October 18.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Mass adoption and the successful execution of the burning rate have been labeled as key factors that could boost SHIB\u2019s valuation in the future. However, the memecoin\u2019s price performance has been relatively poor in recent weeks. It is down 3.5% on a 14-day basis and almost 4% for the last month.<\/span><\/p>\n<div class=\"code-block code-block-12\" style=\"margin: 8px 0;clear: both\">\n<div><span style=\"font-size:11px;color: gray\">SPECIAL OFFER (Sponsored)<\/span><br \/>\n<b>Binance Free $100 (Exclusive): <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/pl\/binancebanner\" data-wpel-link=\"internal\">Use this link<\/a> to register and receive $100 free and 10% off fees on Binance Futures first month<\/b> (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/buy-bitcoin-5-easy-steps\/\" data-wpel-link=\"internal\">terms<\/a>).<\/p>\n<p><b>PrimeXBT Special Offer: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/pl\/primexbt2\" data-wpel-link=\"internal\">Use this link<\/a> to register &amp; enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.<\/b><\/p>\n<\/div>\n<\/div>\n<p><!-- AI CONTENT END 1 --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR False reports about SEC\u2019s BTC ETF approval sparked a market surge. BTC peaked near $30,000, and XRP hit $0.50 before both declined when the news was debunked. Shiba Inu\u2019s burn rate rose to 250%, targeting SHIB\u2019s value enhancement. BitTrade to support Shiba Inu transactions from October 18, but SHIB\u2019s recent price trend is downward. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":175688,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-175687","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/175687","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=175687"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/175687\/revisions"}],"predecessor-version":[{"id":175690,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/175687\/revisions\/175690"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/175688"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=175687"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=175687"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=175687"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}